Post by
TRRG on Jun 20, 2013 10:12pm
HUI testing 5 years lows-down all the way to 200
Let's just say for now that losing support at $1300 was a big deal, a very big deal. Judging from the massacre occurring in the gold and silver mining shares, we are seeing a complete rout of even some of the long term bulls. The HUI looks like it is now poised to drop all the way to 200, pretty much back to where it was 5 years ago during the depth of the 2008 credit crisis.
Apparently the laws of economics have been discredited as it is entirely possible to create Trillions in paper currencies with no impact whatsoever. The monetary history books are all going to have to be re-written to reflect this !
Comment by
GOWEST on Jun 21, 2013 12:31am
Fear not! oversellous reaction as usual?